Carlyle Credit Income Fund Completes Registered Offering of Preferred Shares
Simpson Thacher represented Carlyle Credit Income Fund (the “Fund”), an externally managed closed-end fund focused on investing in primarily equity and junior debt tranches of CLOs listed on the New York Stock Exchange, in connection with an underwritten public offering of 1.2 million shares of its 7.375% Series D Preferred Shares due 2028 (the “Preferred Shares”) with gross proceeds of $30 million. The offering closed on October 30, 2025. The Fund granted the underwriters a 30-day option to purchase up to an additional 180,000 shares of Preferred Shares. The Preferred Shares are listed on the New York Stock Exchange under the symbol “CCID.” The Fund used the net proceeds from the sale of the Preferred Shares to redeem its existing 8.75% Series A Preferred Shares due 2028.
The Simpson Thacher team included Rajib Chanda, Steven Grigoriou, Jonathan Pacheco, Kaitlyn Bello, Sherry Liu and Adriana Hong (Registered Funds); and Jonathan Cantor and Michael Slomovics (Tax).